Some weekend tax news you may have missed while watching Tim Tebow turn water into wine, with more than a little help from the porous Steelers’ secondary.
The IRS released its Fiscal Year 2011 Enforcement and Service Results, revealing that individuals with AGI of $1,000,000 or more had a 12% chance of being audited in 2011, up 4% from 2010.
Oh, and in case you hadn’t heard, busy season is extended until April 17th.
The 2006 tax gap was $385 million, or so says the IRS.
The WSJ reminded us that it will be nearly impossible to do tax planning in the coming months, courtesy of the uncertain political situation.
A first look at Mitt Romney’s proposed tax plan reveals that it would cut U.S. tax revenue by $600 million by 2015, further swelling our already bloated deficit.
And lastly, Forbes confirms what you should have already known: Breaking Bad is the greatest TV show ever (non-Simpsons category)